Exchange-Traded Funds

DWLV - Invesco DWA Momentum & Low Volatility Rotation ETF

Equity - International and Global Equity

Product Details

The Invesco DWA Momentum & Low Volatility Rotation ETF (the "Fund") is based on the Dorsey Wright® Multi-Factor Global Equity Index (Index). The Fund generally will invest in at least 90% of its total assets in securities that comprise the Index. The Fund is a "fund of funds," meaning that it invests its assets in the shares of other exchange-traded funds, rather than in securities of individual companies. The Index is designed to gain exposure to US or international equity markets through the universe of up to eight Invesco momentum or low volatility ETFs, and may also hold up to 100% cash position (via 1- to 6-month US Treasury Bills) when equity securities as a whole are out of favor. The Fund and the Index are evaluated monthly for potential rebalance and reconstitution.

Effective on Wednesday, February 20, 2019, the Fund will be liquidated and it will be its final day of trading. Please see the Fund’s prospectus for further information.

as of 12/31/2018 12/31/2018

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
Dorsey Wright Multi-Factor Global Equity Index -9.35 -9.35 N/A N/A N/A 4.78
MSCI AC World Index -9.42 -9.42 6.60 4.26 9.46 6.21
Dorsey Wright Multi-Factor Global Equity Index -9.35 -9.35 N/A N/A N/A 4.78
MSCI AC World Index -9.42 -9.42 6.60 4.26 9.46 6.21
Fund History (%)
Fund NAV -9.32 -9.32 N/A N/A N/A 4.74
After Tax Held -9.95 -9.95 N/A N/A N/A 4.26
After Tax Sold -5.51 -5.51 N/A N/A N/A 3.51
Fund Market Price -9.80 -9.80 N/A N/A N/A 4.60
Fund NAV -9.32 -9.32 N/A N/A N/A 4.74
After Tax Held -9.95 -9.95 N/A N/A N/A 4.26
After Tax Sold -5.51 -5.51 N/A N/A N/A 3.51
Fund Market Price -9.80 -9.80 N/A N/A N/A 4.60

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

as of 12/31/2018

Growth of $10,000

Data beginning Fund inception and ending 12/31/2018. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

as of 01/17/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
PDP Invesco DWA Momentum ETF 25.65
DWAS Invesco DWA SmallCap Momentum ETF 25.19
SPLV Invesco S&P 500 Low Volatility ETF 10.82
PIZ Invesco DWA Developed Markets Momentum ETF 10.08
XSLV Invesco S&P SmallCap Low Volatility ETF 10.04
PIE Invesco DWA Emerging Markets Markets Momentum ETF 9.62
EELV Invesco S&P Emerging Markets Low Volatility ETF 4.35
IDLV Invesco S&P International Developed Low Volatility ETF 4.25

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/24/2018 12/26/2018 12/31/2018 0.31249 0.31249 - - -
09/24/2018 09/25/2018 09/28/2018 0.11969 0.11969 - - -
06/18/2018 06/19/2018 06/29/2018 0.02049 0.02049 - - -
03/19/2018 03/20/2018 03/29/2018 0.03295 0.03295 - - -
12/18/2017 12/19/2017 12/29/2017 0.15872 0.15872 - - -
09/18/2017 09/19/2017 09/29/2017 0.07654 0.07654 - - -
06/16/2017 06/20/2017 06/30/2017 - - - - -
03/17/2017 03/21/2017 03/31/2017 0.06425 0.06425 - - -
12/16/2016 12/20/2016 12/30/2016 0.18076 0.18076 - - -
09/16/2016 09/20/2016 09/30/2016 0.01053 0.01053 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
12/31/2018 63 37 1 0 0 0 0
09/30/2018 63 46 0 0 0 0 0
06/30/2018 64 39 0 0 0 0 0
03/31/2018 61 39 2 0 0 0 0
Year Ended 2018 251 161 3 0 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
12/31/2018 63 23 2 0 0 0 0
09/30/2018 63 17 0 0 0 0 0
06/30/2018 64 25 0 0 0 0 0
03/31/2018 61 20 0 0 0 0 0
Year Ended 2018 251 85 2 0 0 0 0

Fund Inception: 07/14/2016

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

The MSCI All Country World Index measures the combined performance of large- and mid-capitalization equities from developed and emerging market countries.

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund’s return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Momentum style of investing is subject to the risk that the securities may be more volatile than the market as a whole or returns on securities that have previously exhibited price momentum are less than returns on other styles of investing.

Investments focused in a particular sector, such as healthcare and information technology, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

There is no assurance that the Fund will provide low volatility.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

The Fund is subject to the risks of the underlying funds. Market fluctuations may change the target weightings in the underlying funds and certain factors may cause the Fund to withdraw its investments therein at a disadvantageous time.

Obligations issued by US Government agencies and instrumentalities may receive varying levels of support from the government, which could affect the fund’s ability to recover should they default.

The Fund will indirectly pay a proportional share of the expenses of the underlying ETFs in which it invests (including operating expenses and management fees), in addition to the fees and expenses it already will pay to the Adviser.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The performance of an investment concentrated in issuers of a certain region or country, such as the Asia Pacific, Australasia, Central and South America and Europe, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments

There is no relationship between Dorsey, Wright & Associates, LLC ("Dorsey Wright") and Invesco other than a license by Dorsey Wright to Invesco of certain Dorsey Wright trademarks, tradenames, investment models, and indexes (the "DWA IP"). DWA IP has been created and developed by Dorsey Wright without regard to and independently of Invesco, and/or any prospective investor. The licensing of any DWA IP is not an offer to purchase or sell, or a solicitation of an offer to buy any securities. A determination that any portion of an investor's portfolio should be devoted to any ETF product developed by Invesco or investment model developed by Dorsey Wright is a determination made solely by the investment advisor serving the investor or the investor himself, not Dorsey Wright.

Beta is a measure of risk representing how a security is expected to respond to general market movements. Smart Beta represents an alternative and selection index based methodology that seeks to outperform a benchmark or reduce portfolio risk, or both. Smart beta funds may underperform cap-weighted benchmarks and increase portfolio risk.

as of 01/18/2019
10:43 AM EST

DWLV
Intraday Stats

  • Last Trade $29.25
  • Current IIV $29.40
  • Change $0.18
  • % Change 0.62%
as of 01/17/2019
  • NAV at market close $29.13

as of 01/17/2019

Prior Close

  • Closing Price $29.07
  • Bid/Ask Midpoint $29.09
  • Bid/Ask Prem/Disc -$0.04
  • Bid/Ask Prem/Disc -0.14%

Fund Details

  • Fund Ticker DWLV
  • CUSIP # 46138E859
  • ISIN US46138E8599
  • Intraday NAV DWLVIV
  • Index Ticker DWAMFGET
  • Index Provider Dorsey Wright & Associates
  • Management Fee 0.15%
  • Acquired Fund Fees & Expenses 0.57%
  • Total Expense Ratio 0.72%
  • Marginable Yes
  • Short Selling Yes
  • Options No
  • Exchange NASDAQ
  • Inception Date 07/14/2016
  • # of Holdings 8
    as of 01/17/2019
as of 01/18/2019

Quick Facts

  • Previous Close $29.07
  • Open $29.24
  • Today's High $29.25
  • Today's Low $29.24
  • Today's Volume 600
  • 17,591 30-Day Avg Trading
    Volume
  • 52 Week High $34.27
  • 52 Week Low $26.27
  • Shares Outstanding .60MM
  • Market Value $17.5MM